Court Says Valerus Waived Jury Trial In $165M Credit Row

Law360, Houston (September 11, 2012, 9:30 PM EDT) -- A Texas appeals court on Tuesday ruled that oil and gas field service company Valerus Compression Services LP waived its right to a jury trial in its suit against Guggenheim Corporate Funding LLC over stock purchase agreements tied to a $165 million credit facility that were allegedly procured by fraud.

The Fourteenth Court of Appeals held that although Valerus' suit centered on fraud tied to the issuance of amended stock purchase agreements, also known as warrants, a jury waiver contained in the previously issued warrant was...
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